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Date: 2020-09-15 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 2 of section 14 of the Customs Act

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Ministry of Finance amends a previous notification regarding tariff values for imported goods, as per Section 14 of the Customs Act, 1962. It substitutes existing tables with updated tariff values for various items, including palm oil, soya bean oil, brass scrap, poppy seeds, gold, and silver. The notification is effective as of September 15, 2020. Key Points / Main Content: Amended Tariff Values (Table 1): * Crude Palm Oil: US $741 per metric tonne * RBD Palm Oil: US $777 per metric tonne * Others Palm Oil: US $759 per metric tonne * Crude Palmolein: US $783 per metric tonne * RBD Palmolein: US $786 per metric tonne * Others Palmolein: US $785 per metric tonne * Crude Soya bean Oil: US $864 per metric tonne * Brass Scrap (all grades): US $3917 per metric tonne * Poppy seeds: US $3623 per metric tonne Amended Tariff Values for Gold and Silver (Table 2): * Gold (with Notification No. 502017Customs benefit): US $631 per 10 grams * Silver (with Notification No. 502017Customs benefit): US $866 per kilogram * Silver (minimum 99.9% content, excluding medallions/coins): US $866 per kilogram * Gold bars/coins/findings (excluding post/courier/baggage imports): US $631 per 10 grams Amended Tariff Values for Areca Nuts (Table 3): * Areca nuts: US $3720 per metric tonne Impact Analysis: Importers: Impact: Importers of goods listed in the tables will be subject to the revised tariff values, potentially affecting import costs and overall profitability. Action Required: Review import costs based on the new tariff values and adjust pricing or sourcing strategies accordingly. Customs Officials: Impact: Customs officials are responsible for enforcing the new tariff values during the assessment and clearance of imported goods. Action Required: Implement the revised tariff values for relevant goods as of September 15, 2020. Central Board of Indirect Taxes and Customs (CBIC): Impact: Responsible for overseeing the implementation and enforcement of the amended notification. Action Required: Ensure dissemination of the notification to relevant stakeholders and monitor compliance.

Key Entities Referenced

Customs Act, 1962: Indian legislation governing customs duties and related matters. Mentioned in the context of exercising powers conferred by subsection 2 of section 14. Central Board of Indirect Taxes and Customs: A government body under the Department of Revenue, Ministry of Finance, responsible for the formulation of policy concerning indirect taxes (like customs, GST etc.). Ministry of Finance: A ministry of the Government of India responsible for financial matters. Department of Revenue: A department under the Ministry of Finance, Government of India. New Delhi: The capital city of India, where the notification was issued. Crude Palm Oil: A type of palm oil which has not been refined. RBD Palm Oil: Refined, Bleached, and Deodorized Palm Oil. Areca nuts: The seed of the Areca palm, commonly chewed in South Asia.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअI.D-E1x5x0x 92020-221734 CG-DL-E-15092020-221734 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2800] नई कदल्ली, मगं लिार, जसतम्ब र 15, 2020/भाद्र 24, 1942 No. 2800] NEW DELHI, TUESDAY, SEPTEMBER 15, 2020/BHADRA 24, 1942 मत्रं ालय ( जिभाग) ( एि ंसीमा बोड)ड अजधसचू ना नई , 15 , 2020 स.ं 87/2020-सीमा (ग.ैट.ै) का.आ. 3148(अ).—सीमा अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत् त का प्रयोग करते हुए, एि ं सीमा बोडड, इस बात स े होन ेपर कक ऐसा करना एिं समीचीन ह,ै एतद्द्वारा, भारत सरकार, मंत्रालय ( जिभाग) की अजधसूचना स.ं 36/2001-सीमा (ग.ै ट.ै ), कदनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), कदनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण के भाग-II, खडं -3, उपखडं (ii) म ें प्रकाजित ककया गया था, म ें संिोधन करता ह,ै अथाडत:्- उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की िाएाँगी, अथाडत:्- "सारणी-1 क्रम. स.ं अध्य ाय/िीर्ड/उपिीर्ड/ टैररफ मूल् य माल का जििरण टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 पॉम ऑयल 741 2 1511 90 10 आर बी डी पॉम ऑयल 777 3 1511 90 90 अन् य पॉम ऑयल 759 4277 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 4 1511 10 00 पामोजलन 783 5 1511 90 20 आर बी डी पामोलीन 786 6 1511 90 90 पामोलीन 785 7 1507 10 00 सोयाबीन का कच् चा तेल 864 8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रेड) 3917 9 1207 91 00 पोस्ट् त बीि 3623 सारणी-2 क्रम. स.ं अध्य ाय/िीर्ड/ टैररफ मूल् य माल का जििरण उपिीर्ड/ टैररफ मद (अमरीकी डालर) (1) (2) (3) (4) 1 71 या 98 स्ट्िणड, ककसी भी रूप में, जिसके सम्बन्ध में अजधसूचना 631 प्रजत 10 ग्राम संख्या 50/2017-सीमा िुल्क, कदनांक 30.06.2017 की प्रजिजि संख्या 356 के अंतगडत लाभ प्राप्त ककया गया हो 2 71 या 98 रित, ककसी भी रूप म,ें जिसके सम्बन्ध म ेंअजधसूचना 866 प्रजत ककलोग्राम संख्या 50/2017-सीमा िुल्क, कदनांक 30.06.2017 की प्रजिजि संख्या 357 के अंतगडत लाभ प्राप्त ककया गया हो 3 71 (i) , , 866 प्रजत ककलोग्राम 99.9 7106 92 ; (ii) , 99.9 , 7106 92 - इ , , 4 71 (i) , , 631 प्रजत 10 ग्राम इ औ ; (ii) , 99.5 , औ , , - इ , " " , , , , , , , , सारणी-3 क्रम. स.ं अध्य ाय/िीर्ड/ टैररफ मूल् य माल का जििरण उपिीर्ड/ टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 3720” [फा. स.ं 467/01/2020-सीमा –V] ,[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 नोट : मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना सं. 36/2001-सीमा िुल् क (ग.ैटै.), कदनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), कदनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा यह अंजतम बार अजधसूचना स.ं 83/2020-सीमािुल्क (ग.ैटै.), कदनांक 31 , 2020, जिसे का.आ. 2956(अ) कदनांक 31 , 2020 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखडं (ii) म ें ई-प्रकाजित ककया गया था, के द्वारा संिोजधत की गई थीI MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 15th September, 2020 No. 87/2000-CUSTOMS (N.T.) S.O. 3148(E).—In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:- In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: - “TABLE-1 Tariff value Chapter/ heading/ sub- Sl. No. Description of goods (US $Per Metric heading/tariff item Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 741 2 1511 90 10 RBD Palm Oil 777 3 1511 90 90 Others – Palm Oil 759 4 1511 10 00 Crude Palmolein 783 5 1511 90 20 RBD Palmolein 786 6 1511 90 90 Others – Palmolein 785 7 1507 10 00 Crude Soya bean Oil 864 8 7404 00 22 Brass Scrap (all grades) 3917 9 1207 91 00 Poppy seeds 3623 TABLE-2 Sl. Chapter/ heading/ sub- Description of goods Tariff value No. heading/tariff item (US $) (1) (2) (3) (4) Gold, in any form, in respect of which the benefit of 1. 71 or 98 entries at serial number 356 of the Notification No. 631 per 10 grams 50/2017-Customs dated 30.06.2017 is availed Silver, in any form, in respect of which the benefit 866 per kilogram 2. 71 or 98 of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed (i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% 866 per kilogram 3. 71 or semi-manufactured forms of silver falling under sub-heading 7106 92;4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage. Explanation. - For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver. (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units; (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such 4. 71 631 per 10 grams goods through post, courier or baggage. Explanation. - For the purposes of this entry, ―gold findings‖ means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place. TABLE-3 Sl. Chapter/ heading/ sub- Description of goods Tariff value No. heading/tariff item (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 3720‖ [F. No. 467/01/2020 -Cus-V] RATHAKRISHNAN ANANTH, Dy. Secy. Note : The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S.O. 748(E), dated the 3rd August, 2001 and was last amended vide Notification No. 83/2020-Customs (N.T.), dated the 31st August, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2956(E), dated 31st August, 2020. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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